SEC Accused of Mocking Retail Investors with Ads Warning about Crypto and Meme Stocks | CoinMarketCap

Lisa Braganca claimed the ads disparaged investors who opted for meme stocks — and said the money used to create this campaign would have been better spent "stopping short seller abuses of retail.""It seems to trivialize millions of retail investors, seemingly diminishes one of the most important market movements of 2021, and appears to poke fun at millions of average people joining the market. Ouch.

Others didn't subscribe to this view, and argued that the ad aims to be entertaining and attention grabbing while underlining the importance of research and education. Despite the debate, the SEC's ad does make a compelling point about celebrity endorsements, which have become exceedingly common in the crypto space.

One particularly ill-fated post saw Kim Kardashian endorse an altcoin called Ethereum Max, which lost 98% of its value in the weeks that followed.5 people liked this article

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There's some truth to it

Wow, how odd since they’re also investigating all these companies that founded cryptos. I thought the SEC was supposed to look out for investors — not make fun of them

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They must be really scared of people moving into crypto and away from the regular investments, to start behaving like teenagers.

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SEC Accused of Mocking Retail Investors with Ads Warning about Crypto and Meme Stocks | CoinMarketCapAlthough the ads have gained hundreds of thousands of views on YouTube, reaction hasn't been universally positive — with a former SEC branch chief among the critics. Problem? lmao the people should be allowed to choose whatever they want to invest in, and a DAO system like bitDAO would ensure this through proposals and voting, not through brute force as the SEC does...
Source: CoinMarketCap - 🏆 290. / 63 Read more »

WSJ News Exclusive | SEC Closes In on Rules That Could Reshape How Stock Market OperatesThe agency’s chairman, Gary Gensler, is expected to outline ideas for improving market efficiency and how investor orders are handled in a speech Wednesday. Gessler sucks as FCC chairman The war on fossil fuels by Joe Biden and the Democrats has caused all of the inflation, high food prices and supply chain shortages. Imagine if we were energy independent we would be selling energy to everyone around the world. We would be booming. Democrats have ruined economy Glad there's a real sense of urgency at the SEC...not like there's rampant stonk 'market' manipulation going on or anything.
Source: WSJ - 🏆 98. / 63 Read more »